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Prince Andrew’s £1.5 Million Loan Paid Off by Top Political Donor

  • Company linked to businessman David Rowland transferred funds
  • Duke of York helped Banque Havilland pitch clients for years
Prince Andrew
Prince AndrewPhotographer: Steve Parsons/AFP/Getty Images

One of the British Conservative Party’s biggest donors transferred 1.5 million pounds ($2 million) to Prince Andrew days after the prince borrowed a similar amount from a Luxembourg private bank controlled by the businessman’s family.

David Rowland wired the money to a London account at Banque Havilland SA held by the Queen of England’s second son in December 2017, according to interviews with two people familiar with the transactions and bank documents seen by Bloomberg News. The transfer was earmarked for repayment of a 1.5-million-pound loan from Banque Havilland the prince had taken out just 11 days earlier.